H.B. Fuller Reports Higher Income, Lower Sales
St. Paul, MN, June 27, 2013 -- H.B. Fuller Company reported net income for the second quarter was $25.9 million, or $0.51 per share compared to $1.9 million or $0.04 per share a year ago.
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Net revenue for the second quarter was $519.0 million, down 1.5% versus the second quarter of 2012.
"We are satisfied with the overall results we delivered this quarter," said Jim Owens, H.B. Fuller president and chief executive officer.
"While we did not deliver the organic growth we expected in the quarter, we managed our margins well, took another step toward completion of the business integration plan and reduced discretionary spending to deliver on our commitments."